Czech Republic: unrealised foreign exchange differences

Alessandro PasutCzech Republic

Unrealised foreign exchange differences.
Following a Supreme Administrative Court decision, according to which unrealised foreign exchange differences are not considered taxable income and should be included in the income tax base at the moment they are realised, an amendment was approved stating that unrealised foreign exchange differences will have to be included in the income tax base in the taxable period in which they are accounted for. Despite the conclusions made by the Court, the Directorate is of the opinion that even under the current legislation unrealised FX differences should be included in the taxable period in which they are accounted for.

To receive expert advice by Alessandro Pasut about investments in Czech Republic click here

Share

Tags:

Lascia un Commento

L'indirizzo email non verrà pubblicato. I campi obbligatori sono contrassegnati *

*

È possibile utilizzare questi tag ed attributi XHTML: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>